Zell: newspapers 'too slow to change'

Sam Zell, the man who has bought Tribune Company, owners of the Los Angeles Times, believes the newspaper industry's woes are partly a result of complacency. Publishers have responded too slowly to rapid change in the digital era. Zell told a group of newspaper executives that the industry has been "standing there and letting this happen while Rome is burning." He thinks papers must be more disciplined and focused, and do a better job selling their product. (Via USA Today/AP)